Friday, August 12, 2011

Good time to buy? Better time to move up??

Hi Folks,
In today's market, buyers still have the majority of the power.  The best scenario for anyone looking to move currently is to move up.  When you sell your current home to buy a larger or more expensive home, you maximize the potential to save BIG!  For instance, say you sell your current home for $120,000 to purchase a home in the $220,000 range.  If the market is down overall 10% from previous years, this means you would make around $12,000 LESS on the sale of your current home than in a better (seller's) market, however, you would SPEND $22,000 LESS on the new home purchased.  Plus, rates are back at all time LOWS after the recent FED announcement.  Food for thought...




Don't forget to leave a comment or message me with questions!
Derek King
940-641-0763
www.TheRemaxKing.com

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